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Supply of Tablets
Cairo: Supply of tablets and installation of the system and site applications
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Egypt participates in launching financing platform between 10 international banks
The joint financing forum will provide a space for participants to discuss joint financing opportunities, the best practices, and common issues.
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Egypt Eyes 800 Billion EGP Investments in 2024 Economic Plan
Speaking at a press conference, El-Said detailed Egypt’s ambitious target of $1.5 billion from its public offering program by the end of 2024.
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Egypt to launch invitation to tender for development of desalination plants
Egypt’s water desalination program entails the launch of several plants possessing a total capacity of 8.85 million m3/day by 2050.
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The IMF Outlines Four Primary Goals for Egypt’s Economic Stability
Egypt’s economy has been struggling for years with inflation. In January 2022, one USD cost EGP 15.7, and one year later, it cost EGP 29.8.
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Egypt, BPGIC forge partnership for specialized petroleum-free zone
The agreement aims to establish a specialized free zone dedicated to petroleum production, as stated by the Cabinet.
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Philip Morris Egypt raises prices of cigarettes for 2nd time in 2024
For the second time this year, Philip Morris Egypt raised prices for packs of Marlboro, Merit, and L&M cigarettes by 5 EGP.
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UK to finance Egypt’s budget by $400M: MoIC Minister
Minister Al-Mashat also highlighted a debt swap agreement worth $100 million signed with China in October 2023.
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SCZONE, china’s WU'AN XIN FENG to establish $297M Iron Factory
The Chairman of SCZONE, Walid Gamal El-Din, also revealed that the overall investments between China and SCZONE have exceeded $2 billion.
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Egypt's Net Foreign Asset Deficit Shrinks to 2-year Low
Data published on the website of the Central Bank of Egypt (CBE) showed that the deficit in the bank’s net foreign assets fell in March.
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Petroleum Min.: Zohr Gas Field Produces 2 Bln m³ Daily
The government is working to dig gas wells that will achieve a new leap for the Egyptian economy.
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Smuggled King Ramses II statue head successfully returns to Egypt
The recovered piece represents the head of a statue of King Ramses II, which dates back more than 3,400 years.
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Saudi firm WAJA Co. forms joint venture to produce EVs in Egypt
In October 2023, Egypt was ranked 28th in a global e-mobility index, which reveals the country’s readiness to transition to EVs.
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Egypt Advances more than 50 Spots in Global AI Ranking
The announcement was during the conclusion of the activities of the Data Science and Artificial Intelligence (DSC) Conference in its first edition.
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Egypt seeks US$145 billion in exports in 2030
There are many incentives provided by the state to support the export program and to develop well-studied plans on the ground to achieve the goal.
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Ajlan & Bros Group plans to invest $1.5B in Ras Jamila in Egypt
The group also submitted an offer to acquire companies within Egypt’s IPO program, expecting negotiations to be completed within 6 months.
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Supply Minister Issues Decision Regulating Bread Prices
The Minister of Supply Ali Al-Moselhi issued a ministerial resolution regulating the prices of free-range bread and baguette bread "fino".
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Egypt moving to develop strong, universal health insurance system despite economic challenges
Maait pointed out to the severe pressure imposed by global economic challenges on the budgets of various countries, including emerging markets.
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Egypt’s Electricity Outages Could Save USD 1 Billion Yearly
The government is working on solving the power crisis and that the saved resources are used for essential needs, such as food and medicine.
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Egypt won't consider any offers for Ras Gamila development until selection of advisory firm
Situated in Sharm El-Sheikh on the Red Sea, Ras Gamila holds significant potential for development.
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UAE-based Freezoner, IFZA team up to showcase investment opportunities in Egypt, UAE, Saudi Arabia
Scheduled for 30 April, in Cairo, the event aims to delve into investment prospects and feasibility of establishing companies in Egypt, UAE and KSA.
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Madbouly government slashes 2024 privatization program targets to USD 1 bn
Finance Minister Mohamed Maait said that the government was looking to raise some USD 6.5 bn as recently as February.
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Cooking oil prices witness additional 14% reduction, reaching LE 65
The minister confirmed that a 1-liter bottle of mixed oil can now be purchased in the markets for LE 65.
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Egypt to halt load shedding in churches during holidays
Egypt announced suspending the load shedding plan in churches during holidays, such Easter and Holy Week.
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Egypt sets EGP 100M as minimum capital for real estate financing companies
This increase can be fulfilled through cash or its equivalent in foreign currencies at the exchange rate announced by the Central Bank of Egypt (CBE).
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Beltone, Citadel to launch $30 mln fund for early-stage startups
The partnership aims to establish and manage a $30 million fund dedicated to supporting the growth of fast-growing startups.
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Egypt establishes special free zone for modern boats
This zone aims to engage in manufacturing and maintenance of yachts and maritime units, subject to obtaining all necessary licenses and approvals.
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Egypt signs 14 cooperation agreements with China
The General Authority for Suez Canal Economic Zone (SCZone) has signed 14 agreements with industrial developers from China.
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Saudi: Red Sea awards Egypt firm Amaala Triple Bay hotel additional contract
These include the Four Seasons Hotel, Rosewood Residence and Hotel, Six Senses Residence and Hotel, and a medical wellness resort also in Triple Bay.
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Egypt considers offers for large investments in Sharm El-Sheikh’s Ras Gemila: Spokesperson for Egyptian Cabinet
The Egyptian government revealed on Thursday the truth about the investment offers in the “Ras Gemila” area located in the tourist city of Sharm.